NEW YORK, May 22, 2017 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of United States Steel Corporation ("U.S. Steel") (NYSE:X) between November 1, 2016 and April 25, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Western District of Pennsylvania. To get more information go to:
http://www.zlk.com/pslra-sb/united-states-steel-corporation?wire=3
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) while the Company was implementing its Carnegie Way program, it was focused on cutting costs and was not making investments necessary to position U.S. Steel so that it could respond to improved market conditions; (2) Defendants' failure to invest in improving capital assets during the industry downturn, in order to report apparent financial improvements, meant that U.S. Steel had higher production costs than its competitors, even in the face of improved pricing, which would negatively impact its financial results; and (3) Defendants were forestalling expensive capital equipment upgrades in order to boost the Company's short-term financial results at the expense of long-term financial performance, leaving U.S. Steel in need of accelerated, costly equipment upgrades that would leave the Company years away from generating improved financial performance.
If you suffered a loss in U.S. Steel you have until July 3, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com


Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges
Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs
Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO
Elon Musk Signals Intel 14A Chips for Tesla’s Terafab AI Semiconductor Venture
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure
SK Hynix Reports Record Q1 Profit Surge Driven by AI Memory Chip Demand
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility
Hyundai Plans 20 New Models in China to Boost EV Strategy and Market Share
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast
Tesla Earnings Beat Expectations as EV Growth Holds Amid Robotics and AI Shift
LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal
Mercedes-Benz Faces Rising Competition in China but Rejects Price War Strategy
Microsoft Commits $18 Billion to Expand AI and Cloud Infrastructure in Australia
Florida Launches Criminal Probe Into OpenAI Over FSU Shooting Incident
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe
DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window
Meta Expands AI Training With Employee Activity Tracking Tools 



